2023 Real Estate Market Update & Metrics

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REALESTATEMARKETUPDATE& METRICS

®


Key Metrics SW Montana Real Estate 2023 SINGLE FAMILY AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 150 123

100 70

50

40

17

35

35

26

22

70

61

56 39

35

32

19

18

41

19

0 Bozeman City

Greater Bozeman

Belgrade

Manhattan

2021

2022

Big Sky

Livingston City

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 6,000

4,250 3,899

4,000 3,099

2,000

700

799

770

840

1,000

990 535

577

607

630

750

713 425

501

508

0 Bozeman City

Greater Bozeman

Belgrade

2021

Manhattan

2022

Big Sky

Livingston City

Big Sky

Livingston City

2023

SINGLE FAMILY # LISTINGS SOLD YEAR/YEAR 2021-2023 750

500

250

0 Bozeman City

Greater

Belgrade

Manhattan

Bozeman

2023

2022

2021


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 750

553 497

500

476

404

322

296 233

250

216 182

201

159

158

64

56

74 37

60

44

0 Bozeman City

Greater Bozeman

Belgrade

2021

Manhattan

2022

Big Sky

Livingston City

2023

CONDO/TOWNHOME AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 200

147

109 95

92

100

44

40

39 21

21

21

24

21

18

22

8

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

Livingston

2023

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 3,000

2,125

2,000

1,275 936

1,000 435

522

530

469

557

502 350

407

467 227

330

324

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

2023

Livingston


CONDO/TOWNHOME # LISTINGS SOLD YEAR/YEAR 2021-2023 750

500

250

0 Bozeman City

Greater Bozeman

Belgrade

2023

2022

Big Sky

Livingston

2021

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 400

350 311

301

300

239

224

200

200

100

37

42

50

31

40

42

22

20

18

0 Bozeman City

Greater Bozeman

Belgrade

2021

2022

Big Sky

Livingston

2023

LAND AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 400

274 221 200

130

168 91

71

78

Bozeman City

Greater Bozeman

39

69

44

89

0

2021

Belgrade

2022

2023

Big Sky

100


LAND MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 3,000

2,112

2,000

1,250 1,100

1,000

298

350

322

402

475

595 465 190

145

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

2023

LAND # LISTINGS SOLD YEAR/YEAR 2021-2023 200

100

0 Bozeman City

Greater Bozeman

2023

Belgrade

2022

Big Sky

2021

LAND TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023

300 240

200

127 92

100

59

45 20

15

58 40

12

7

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

2023

Big Sky

51


BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

GREATER BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+


BELGRADE, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

801-1M

1M+

BIG SKY, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k


MARCIE HAHNKNOFF

MOLLY OGLE

BROKER OWNER REAL T OR®

GRI REAL T OR®

CARLA T HORNI NG

KEVIN CHARTIER

REAL T OR®

REAL T OR®

CANDICE W ILSON

ERIC KNOFF

ASSI ST ANT REAL T OR®

KRISTIN W ILD

ASSI ST ANT REAL T OR®

ASSI ST ANT REAL T OR®

SERVING BOZEMAN,BIG SKY, BELGRADE,L I VI NGST ON, PARADISEVALLEY & GREATER GALLATIN AREA OFMONTANA

L COM :INFO@KNOFFGROUP. ( 406)9249559|EMAI WWW . KNOFFGROUP. COM

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